• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Mortgages in Kansas

To help first-time and repeat homebuyers in Kansas, the Kansas Housing Resources Corporation (KHRC) and the Kansas Housing Assistance Program (KHAP) offer down payment and closing cost assistance programs through their approved mortgage lenders.

More: Get a free credit score and credit monitoring from Credit Sesame.

First Time Homebuyer Program

KHRC’s First Time Homebuyer Program allows homebuyers to apply for a 0% interest loan for 15% or 20% of the purchase price of their home.

This is a forgivable loan: After 10 years, if the homebuyer is still in the home, the loan will be forgiven. The subsidy must be used for down payment and closing costs.

There’s no credit score requirement for this program, but you must be able to secure a mortgage with an interest rate in line with the current market through one of KHRC’s approved lenders. To get a list of qualified lenders in your area, the KHRC suggests you get in contact with its staff through its website.

Homes in Topeka, Lawrence, Wichita, Kansas City and Johnson County aren’t eligible for the First Time Homebuyer Program because those counties administer their own homeownership assistance programs.

More: Use these savings accounts to build up your down payment.

Kansas Housing Assistance Program

KHAP is a statewide program for homebuyers, offering a 30-year fixed-rate mortgage with up to a 5% grant to help with down payment and closing costs. It’s co-sponsored by Sedgwick and Shawnee counties.

To qualify, you’ll need a 640 credit score for conventional, USDA and VA loans and a score of 660 for an FHA loan. You’ll also have to fall under the income and purchase price limits.

The terms apply for the purchase of single-family homes, townhouses, condominiums and duplexes (provided one unit is owner-occupied).

If you meet those requirements, you’ll work with an approved lender to apply for assistance.

Sponsored

Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Sigrid Forberg

Sigrid Forberg

Associate Editor

Sigrid’s is Moneywise.com's associate editor, and she has also worked as a reporter and staff writer on the Moneywise team.

What to Read Next

Maximum mortgage calculator

What is the maximum mortgage you can afford? Use this maximum mortgage calculator and get clear picture of the highest mortgage amount you're eligible to borrow and what you should borrow.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.